Do appraisers need to specialize now?

Mark Edwards says that his peers at Grant Thornton use the term "chose a major" when mentoring new staff. "We want people to find an area they're passionate about, learn it, and become the best in the business at it." Linda Trugman agrees that younger professionals will do better to pick an area, whether industry specialization, or tax, or litigation. With the help of mentors, this can create valuation practices that produce future leaders and where, as Jay Fishman adds, "the partners have each others' backs." Fishman concluded: "business valuation has been very very good to us, and we owe it to give back."